Positive Outlook on Ethereum
In a recent statement reported by BlockBeats on June 10, Jack Yi, the founder of LD Capital, reaffirmed his positive outlook on Ethereum and its associated tokens. He disclosed that he currently maintains long positions in options worth 100,000 ETH, demonstrating his confidence in the cryptocurrency’s potential.
Factors Influencing Ethereum’s Value
Yi contends that the Ethereum ecosystem is presently underestimated due to several factors. He pointed out that the actual value of ETH appears lower than it should be, and he is hopeful about a rebound in the ETH/BTC exchange rate as market conditions improve.
Furthermore, he highlighted that projects with genuine user engagement and revenue streams are likely to attract traditional investments once regulations surrounding cryptocurrency become more favorable. There has also been significant capital entering Ethereum from Wall Street, signaling growing interest in the digital asset.
LD Capital’s Subsidiary: Trend Research
LD Capital’s subsidiary, Trend Research, has been openly optimistic about ETH as well. Currently, it boasts holdings of 142,000 ETH, with an impressive $42.35 million in unrealized gains. Trend Research started acquiring ETH when prices were around $1,400 and released a bullish report when ETH reached $1,800, making it a pioneer in institutional analysis of the asset.
Blockchain Activity and Investments
An analysis of blockchain activity shows that Trend Research’s address holds approximately 142,137 ETH, collectively valued at $374 million, culminating in total profits around $66.08 million, which includes the significant unrealized profits mentioned earlier.
Since December 20, 2024, the division has gathered 181,662 ETH at an average purchase price of $2,340 through transactions on platforms like Binance and OKX, accumulating a total investment of $425 million into the cryptocurrency.
